General Motors (NYSE:GM) Earns "Neutral" Rating from UBS Group

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's stock had its "neutral" rating reissued by equities researchers at UBS Group in a note issued to investors on Thursday, Marketbeat reports. They currently have a $51.00 price objective on the auto manufacturer's stock, down from their prior price objective of $64.00. UBS Group's price objective would suggest a potential upside of 14.32% from the company's previous close.

A number of other brokerages also recently issued reports on GM. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Piper Sandler lifted their target price on shares of General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Cowen assumed coverage on shares of General Motors in a research note on Thursday, March 6th. They set a "buy" rating for the company. Finally, Hsbc Global Res cut General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $56.72.

General Motors Stock Down 1.2 %

Shares of GM traded down $0.53 during trading hours on Thursday, hitting $44.61. The company had a trading volume of 5,169,907 shares, compared to its average volume of 14,311,265. The stock has a market capitalization of $44.39 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 0.67 and a beta of 1.27. The firm has a fifty day moving average price of $47.31 and a 200-day moving average price of $50.38. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, equities research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its board has authorized a share repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company's stock, valued at $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On General Motors

A number of large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors during the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in General Motors in the 4th quarter valued at $26,000. Compass Planning Associates Inc purchased a new stake in General Motors in the fourth quarter worth $27,000. Duncker Streett & Co. Inc. lifted its position in shares of General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 425 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.